The price of IT Directors in NYC are equal to or higher than your numbers. There is dramatic difference in compensation based on location (like the major cities) as well as type of company (global fortune 100, etc.)
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Are IT execs overpaid? We want to hear from YOU!
Stop executive pay excess now
Only in America are IT workers content with letting the executives take many thousands of times more money that the average front line worker. The Americans must be very pliable to allow their executives to steall all the money for themselves.
In Europe, and the rest of the industrialized world, our executives make only about 100 times more than the average front line worker does. This way the wealth of the business is more fairly distributed among those who really do the work and deserve the pay.
The rich seem to think they are priviliged, and that the workers all owe them something. I hope that the American workers wake up and realize how badly they are getting screwed.
You might want to think about forming labor/worker unions to fight back at the robber barons!
Stop uninformed socialist propaganda now
If you look just a bit further there is an article linked to on the same page that says that average IT worker salary is $86,000. With compensation of just $2 million the executives are getting roughly 23 times the compensation the average worker in the IT industry. Well below your 100x figure that you gave for your much loved Europe. Thousands of times is rediculous. That would mean the workers were making under $2000 a year, and the US government will give you 5x that amount to just sit on the couch.
Socialist Propaganda?
I not sure what you mean by Socialist Propaganda.
But, if call a desire for decent salary and reducing the gap between overpaid executives versus working people. You might be right but I suspect that you are member of that overpaid leach
class. Since you really don't care about that class of working men and women, who carry you along like dead weight each and everyday.
Yes, Socialist Propaganda
If you see that there is an inequity between the top and the bottom, there is one easy way to fix it. FORM YOUR OWN COMPANY. That is one of the wonderful aspects of living in a democracy, if you see a problem you are free to form a company to target it and fix it. IF there is an unacceptable discrepancy between the top and the bottom, then you should have no problem getting and attaining high value employees with your better pay, good solid contracts with your lower bid prices, and a steady growth in your new company with all of your utopian social engineering.
If you can not do this, then there must be something that you do not have that the high priced guys have. That something is either: drive, ambition, desire, intelligence, skill, experience, or luck. But whatever it is, it is apparently worth the millions of dollars that they make.
There are very few barriers to entry in the IT field for someone capable of doing the job. Have at it, please. Do your best and I wish you luck. However, I suspect that after you put the effort in to form a company and make it successful that you will find that you want to be rewarded for the risk that you took and the effort that you put in to get there.
It has always been far easier to tear something down than to build it up. By dragging the execs to the bottom level you are just lowering the overall wealth. It is better to keep looking for the better job, the higher position, and work your way to the top. The great thing is that if you are happy with your life, you do not need to do that. The other great thing is that you are perfectly free to do it. If compensation is the main thing that you care about in your life, then get out there and do a job that is compensated well. You will find that it takes a large amount of effort to get that $2,000,000 a year job and that the compensation that they are getting is probably rewarding a long line of sacrifices to get to that level.
And to answer your other question, no I am not an exec. I am a consultant at the PM level, so somewhere between the bottom and top figures.
Yea right
First of all your math is way off. If you figure the average IT worker gets $50k (which is probably low for IT) then 100x would be 5 million, which is more than many of these guys on the list are making.
Second, If devoted your life to creating and building a company, and you are successfully providing a very good living for thousands of employees, yes, I think the CEO/CIO should deserve to get a high salary as long as it is coming out of the profits and not by robbing pension funds or illegal means.
Nobody is forcing any of these people to work for them & they're free to join some other company or start their own at any time they like. The IT job market is doing well and a skilled IT doesn't have to put up with a crappy job.
Salaries in Los Angeles
I just matched up the salaries in the Janco 2008 IT Salary Survey for Los Angeles and they are right on for my 250 person IT shop.
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